Geothermal Resources’ Value In Implementing Decarbonization (GRID)
ID: 354909Type: Posted
Overview

Buyer

Golden Field Office (DOE-GFO)

Award Range

$500K - $2M

Eligible Applicants

Unrestricted

Funding Category

Energy

Funding Instrument

Cooperative Agreement

Opportunity Category

Discretionary

Cost Sharing or Matching Requirement

Yes

Original Source

https://grants.gov/search-results-detail/354909

Additional Information

https://eere-exchange.energy.gov
Timeline
    Description

    The U.S. Department of Energy's Geothermal Technologies Office (GTO) has announced a funding opportunity titled "Geothermal Resources’ Value in Implementing Decarbonization," aimed at enhancing the role of geothermal energy in achieving a decarbonized electric grid. This initiative seeks applications for regional grid modeling studies that assess geothermal energy's capacity, flexibility, and economic impacts in the transition to clean electricity by 2035 and net-zero emissions by 2050. The funding available for this opportunity totals approximately $7 million, with individual awards ranging from $500,000 to $1.5 million. Interested applicants must submit a Letter of Intent by July 24, 2024, and full applications by September 9, 2024; for further inquiries, contact Value.of.Geothermal@ee.doe.gov.

    Files
    Title
    Posted
    DE-FOA-0003346_GTO_Geothermal_Resources'_Value_in_Implementing_Decarbonization.pdf
    The U.S. Department of Energy's (DOE) Geothermal Technologies Office (GTO) has issued a Funding Opportunity Announcement (FOA) aimed at enhancing geothermal energy's contribution to a decarbonized grid. This FOA, titled "Geothermal Resources’ Value in Implementing Decarbonization," encourages applications for regional grid modeling studies that evaluate geothermal energy's role in achieving high-capacity clean electricity by 2035 and net-zero emissions by 2050. The estimated funding available is approximately $7 million, with anticipated awards ranging from $500,000 to $1.5 million. Applicants must submit a Letter of Intent by July 24, 2024, and full applications by September 9, 2024. Key areas of interest include modeling geothermal power's firm capacity, flexibility, integration with storage technologies, and overall economic impacts on grid decarbonization. Additionally, proposals must address the equitable transition to decarbonization, with required elements on diversity, equity, and inclusion. This initiative reflects the Biden-Harris Administration's commitment to a clean, equitable energy economy and aims to significantly advance the understanding and deployment of geothermal power within the U.S. energy sector.
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